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after that, a look at the tax proposals of president obama and mitt romney. another chance to see q &a. >> after being in office, we were sitting in the oval office and larry summers said, mr. president, looking at this year's budget come at you are going to have a trillion dollar deficit. i have not done anything yet, he said. >> we cannot keep looking our children in the high knowing that we are going to give them a diminished future because we are spending their money today. it is a very simple idea. mitt romney and i are going to bring it to washington. we've got to stop spending money we do not have. we must cut spending, we must get this balanced budget. >> next thursday night, paul brian and joe biden will face off in their only critic paul brian and joe biden will face off in their only debate. you can watch and engage with c- span with our live debate preview starting at 7:00. your reactions at 10:30. a follow our live coverage on c- span, c-span radio, and online. >> i watched on c-span the various congressional hearings and deliberation on public p
after that, a look at the tax proposals of president obama and mitt romney. another chance to see q &a. >> after being in office, we were sitting in the oval office and larry summers said, mr. president, looking at this year's budget come at you are going to have a trillion dollar deficit. i have not done anything yet, he said. >> we cannot keep looking our children in the high knowing that we are going to give them a diminished future because we are spending their money today....
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Oct 8, 2012
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obama, since he got involved. i cannot remember you ever doing that many with a president. why so many with this one? >> quite honestly, because he said yes. there were no shortage of press for george w. bush. i do not think we ever interviewed with him. he may have been interviewed once. but there is always -- the rules of the game, to request an interview with the president, whoever it may be. the obama people and obama himself like to get on the air. >> it has got a bigger audience than any other -- >> pretty much. you certainly get access to and engaged part of the population. >> do you ever worry about being the used? >> of course. you always worry about being used, but the presumption always is that at the same time you are using them. we're not going to be patsies for any administration, and i do not think we ever have been. >> i want to run video of don hewitt. how many years to do know him? >> i knew him from the very beginning of my life at cbs, 1964. he was the executive producer of cbs evening news, the cronkite news, when i joined. shortly after he was fired, a
obama, since he got involved. i cannot remember you ever doing that many with a president. why so many with this one? >> quite honestly, because he said yes. there were no shortage of press for george w. bush. i do not think we ever interviewed with him. he may have been interviewed once. but there is always -- the rules of the game, to request an interview with the president, whoever it may be. the obama people and obama himself like to get on the air. >> it has got a bigger...
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Oct 1, 2012
10/12
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a year ago, president obama said he had no constitutional authority to effectively grant amnesty to 800,000 people who are here illegally. and then, as we got closer to an election year, as we get closer to november, magically, he asserted that constitutional authority. >> shocked to discover the politics show up in an election- year. >> indeed, shocked. i am concerned by unchecked power in the hands of the executive, with that executive is a democrat or republican. -- whether that executive is a democrat or republican. if president obama is ght that he has the power to say, it does not matter what our federal immigration laws are, i will ignore those law. and it is not simply prosecutorial discretion. when you register, you are effectively here illegally. do that, i president can would be curious what mayor castro would think of a republican president who would begin erasing losses from the books. >> i thought we went through that a couple of years back. [laughter] [applause] >> let's actually talabout that. let's talk about a very specific instance. >> the biggest case in a year as solici
a year ago, president obama said he had no constitutional authority to effectively grant amnesty to 800,000 people who are here illegally. and then, as we got closer to an election year, as we get closer to november, magically, he asserted that constitutional authority. >> shocked to discover the politics show up in an election- year. >> indeed, shocked. i am concerned by unchecked power in the hands of the executive, with that executive is a democrat or republican. -- whether that...
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Oct 8, 2012
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guest: i'm not sure statements like "lies" are not constructive for president obama or ronny. the directly do have a benefit on high-income people, certainly the estate tax. the tax cuts do go to all income groups. romney is proposing to provide reductions through those means. his statements that he would not lower taxes on the rich is, as i understand it, a statement about his base broadening and 20% reduction plan but that component of the proposal would not lower taxes paid by the wealthy. clearly, that's an objective that can be obtained if rate reduction is scaled back from 20%. given that governor romney conspicuously did not mention that number during the debate, there is some degree of flexibility on that. that's how one interprets what i heard that the debate. host: republican line, mike, from pennsylvania. caller: i've been listening to why don't know how many different people running their jaws. to me, if you ask me, nothing is balanced. the economy is not balanced. they're trying to keep taxes at when a minimum wage was $3.45 per hour. the gas rates have shot up, a
guest: i'm not sure statements like "lies" are not constructive for president obama or ronny. the directly do have a benefit on high-income people, certainly the estate tax. the tax cuts do go to all income groups. romney is proposing to provide reductions through those means. his statements that he would not lower taxes on the rich is, as i understand it, a statement about his base broadening and 20% reduction plan but that component of the proposal would not lower taxes paid by the...
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Oct 7, 2012
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because michelle obama agreed to marry me. i want to wish you happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on thethe financial system froze up. because of the resilience and the determination of the american people, we have begun to fight our way back. we have seen five million jobs in the private sector created. the auto industry has come back. housing has begun to rise. we have a lot of work to do. the question here is not where going. governor romney has a perspective that says if we cut taxes, skew toward the wealthy, and roll back regulations, we will be better off. i have a different view. we have to invest in education and training. sources of oil in america, change our tax code to help small businesses and companies investing in the united states, that we take some of the money that we are saving rebuild america.
because michelle obama agreed to marry me. i want to wish you happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on thethe financial system froze up. because of the resilience and the determination of the american people, we have begun to fight our way back. we have seen five million jobs in...
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Oct 9, 2012
10/12
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when president obama was elected, the automobile industry was in a crisis. you remember the famous congressional hearing in which three c zero's of flu and in separate planes. that is probably the part everyone remembers. president bush put about $17.5 billion into chrysler and general motors to kind of tide them over. it was a very tough time to have a crisis like this. i believe that president bush did the right thing and we can come back to that later in the conversation. president obama was confronted. these companies had been given a small amount of money to help it. it would be exhausted by 2009. president obama had tough decisions to make, whether to help the industry or not. i was asked as the head of the automobile taskforce. there was 15 people brought in from outside of government. most of them from the financial world. we essentially attacked the problem as a private equity exercise in part. could the government invest enough money and expect to get it back? could these companies become viable with restructuring? if we presented those issues to t
when president obama was elected, the automobile industry was in a crisis. you remember the famous congressional hearing in which three c zero's of flu and in separate planes. that is probably the part everyone remembers. president bush put about $17.5 billion into chrysler and general motors to kind of tide them over. it was a very tough time to have a crisis like this. i believe that president bush did the right thing and we can come back to that later in the conversation. president obama was...
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Oct 5, 2012
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than the last four years. >> reporter: the obama campaign admits it needs a change in strategy for the next two debates. president obama held back from attacking romney during the debate but that chang when he returned to the campaign trail. >> i almost got to watch out. >> reporter: the president attacked romney's plan to cut subsidies to pbs and his position was so different from what he said in the past he didn't recognize who he was debating. >> whoever was on stage last night doesn't want to be held accountable for what mitt romney has been saying in the last year. >> obama and biden want to raise taxes by a trillion dollars. yes we do. >> reporter: biden said the super wealthy needs to pay more. romney says that will kill jobs. another wild card in this race comes later this morning. the government releases its september unemployment report. experts see that jobless rate rising from the current 8.1%. >> we'll be talking about that a little later. susan mcginnis in washington. thank you so much. word this morning that a rare but deadly meningitis outbreak has the potential to get
than the last four years. >> reporter: the obama campaign admits it needs a change in strategy for the next two debates. president obama held back from attacking romney during the debate but that chang when he returned to the campaign trail. >> i almost got to watch out. >> reporter: the president attacked romney's plan to cut subsidies to pbs and his position was so different from what he said in the past he didn't recognize who he was debating. >> whoever was on stage...
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this is a political year, there's a campaign going on. they will try to do anything they can and especially the other groups out there who paint each other in the most horrible way, that's the way politics is. and for some reason or the other, negative ads play better than positive ads. therefore, you will always play the negative ads. >> i know you haven't decided who you're going to vote for in four weeks' time, but right now, if you had to vote tomorrow, who would you vote for? >> i have to first listen to the debates and then -- >> so they're that important to you. >> it's very important. to me, the debates were absolutely important. there were times when i made a decision way before, like president bush, because of the relationship of the kind of things that he has done for california, for instance, the kind of working relationship that we had and the history and also with senator mccain, i jumped in as soon as he declared because he has been a friend. and he has always been a senator who has tried to work on immigration reform, work
this is a political year, there's a campaign going on. they will try to do anything they can and especially the other groups out there who paint each other in the most horrible way, that's the way politics is. and for some reason or the other, negative ads play better than positive ads. therefore, you will always play the negative ads. >> i know you haven't decided who you're going to vote for in four weeks' time, but right now, if you had to vote tomorrow, who would you vote for?...
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Oct 3, 2012
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if you had beenresident four years ago instead of bara obama, how would things have be different? you cod have been if you were born here. who knows. if youad been, do you honestly think you could have done any better than barack obama has do inheritsuch a huge financial ss? the realityer wasoing to be prh where he is now? what do you think? >> we maybe would have done things a little differently,ut i can guarantee yothat president is doing eveg that he can to solhe i cannot imagine that president ama is sitng there and saying to hielf let me not fix th h or let is fail. there's no sh thin i think th wn you sit his as g in my office, you work and you worry about those ings day and nigh many times you have eepness nights and you worboutse things and you try to solvit. it's not that easy. it is a veryvery difficult job, and i think that,ounow, probably as he can do and he it hisay and they did it their i think thatitt romney has done great as governor o massachusetts and he's a ver taleed guy a vgood in what he do, to looat both of those candidat, and really listen to them very care
if you had beenresident four years ago instead of bara obama, how would things have be different? you cod have been if you were born here. who knows. if youad been, do you honestly think you could have done any better than barack obama has do inheritsuch a huge financial ss? the realityer wasoing to be prh where he is now? what do you think? >> we maybe would have done things a little differently,ut i can guarantee yothat president is doing eveg that he can to solhe i cannot imagine that...
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. >> how they can justify raising taxes on the middle class that is buried for the last four years. >> they are buried by regulation and taxes and borrowing and they are buried by the obama administration's economic failures. >> is the republican vice-presidential nominee right? hello, i am cheryl casone and welcome to cashin! we have wayne and johnathon and tracey and along with lloyd weber. you heard him the middle class getting buried. you agree with that? >> there are so many little taxes that we never paid before. middle class gets slammed by the federal tobacco tax and tax on manufactured drug companies. and any corporate taxes that increased came down to the prucks we purchase and laugh about the tanning tax, but that comes out of the wallets of the middle class . jersey maybe more so. it is money i don't have in the end of the day. >> all right, johnathon, what do you make of this? the last four years middle class and according to mr. biden, that -- >> i reject the notion that it is government's role to help the middle class or any class. joe biden came in years ago with middl
. >> how they can justify raising taxes on the middle class that is buried for the last four years. >> they are buried by regulation and taxes and borrowing and they are buried by the obama administration's economic failures. >> is the republican vice-presidential nominee right? hello, i am cheryl casone and welcome to cashin! we have wayne and johnathon and tracey and along with lloyd weber. you heard him the middle class getting buried. you agree with that? >> there...
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Oct 3, 2012
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this is a political year. there's a campaign going on. they will try to do everything that they can and the special interest groups and the other groups are there to paint each other in the most horrible way. that's the way politics is. for some reason or the other, negative ads play better than positive ads. so therefore, you will always play the negative ads. but the important thing is as i always say to people, listen to them carefully tomorrow. pay attention. people should sit and be glued to the television set with a notepad and take notes and really listen carefully what each one says and how much they really convince you that they actually not just paint this picture of what america should be like and have all this kind of nice sayings, but who is really believable that they are serious about bringing both parties together and getting the job done. >> i know you haven't decided who you're going to vote for in all this time, but right now, if you had to vote tomorrow, who would you vote for? >> i would have to first listen to the de
this is a political year. there's a campaign going on. they will try to do everything that they can and the special interest groups and the other groups are there to paint each other in the most horrible way. that's the way politics is. for some reason or the other, negative ads play better than positive ads. so therefore, you will always play the negative ads. but the important thing is as i always say to people, listen to them carefully tomorrow. pay attention. people should sit and be glued...
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those were extended in 2010 and expire at the end of the year. there's the temporary cut in social security payroll taxes. that was done as stimulus for 2011 and extended for 2012. and then in addition to all those expiring tax provisions from a fiscal mariah macroeconomic point of view -- and so when you look at the debate over the phis clal cliff the point is recognized there's a diverse array of tax provisions under discussion. and that's important both for understanding the effects hones house hold dpircht house hold are effected differently by provision. at the low end for example, credit that were enacted in 2009 turned out to be important. as does the temporary cut in payroll taxes. they continue to be important for folks in the middle range of income, but that point also the 2001, 2003 tax cuts are important and if you go to the high end of the income distribution in addition to the 2001, 2003 tax cuts that affected high income folks, both on ordinary income on invictoria'sinvestment health care. depending what sly in the income distribut
those were extended in 2010 and expire at the end of the year. there's the temporary cut in social security payroll taxes. that was done as stimulus for 2011 and extended for 2012. and then in addition to all those expiring tax provisions from a fiscal mariah macroeconomic point of view -- and so when you look at the debate over the phis clal cliff the point is recognized there's a diverse array of tax provisions under discussion. and that's important both for understanding the effects hones...
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remember barack obama met with all the state's attorneys general and they agreed to a mortgage fraud deal for twenty five billion dollars the five top banks would basically absolve themselves of any guilt so the five of the nation's big banks including chase and.
remember barack obama met with all the state's attorneys general and they agreed to a mortgage fraud deal for twenty five billion dollars the five top banks would basically absolve themselves of any guilt so the five of the nation's big banks including chase and.
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if what i think is going to happen happens and president obama wins, i think that too will break the logjam for a different reason. as senator mcconnell says their number one goal for the last four years has been denying him a second term. as soon as he gets that, they can't deny him a third term. he can't have one anyway. so i think you will see, i will just make a prediction. i think in the lame duck session they will avoid the fiscal cliff, they will reach an agreement-- . >> rose: by extending it, by some kind of an extension or by making a deal. >> they'll either make a deal or they will have a short extension which makes it clear this is not another year, i predict that you will get a budget deal early next year f not in this lame duck session. and i think you'll see them start to work together. it is going to be a different world. >> rose: because the election will have that kind of consequence. >> absolutely. >> one of romney's top foreign policy advisors said the other day that obama has made the united states look impo nent the world. dot facts bear that out. >> i disagree
if what i think is going to happen happens and president obama wins, i think that too will break the logjam for a different reason. as senator mcconnell says their number one goal for the last four years has been denying him a second term. as soon as he gets that, they can't deny him a third term. he can't have one anyway. so i think you will see, i will just make a prediction. i think in the lame duck session they will avoid the fiscal cliff, they will reach an agreement-- . >> rose: by...
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presidential candidate barack obama and mitt romney clashed over the economy and the role of government in their first t.v. debate this week polls showed romney overwhelmed incumbent obama commanding the ninety minute verbal duel romney said his rivals in favor of a trickle. down government while obama said romney will bring the nation back to bush era economic policies the us president has a slight edge in the polls but is vulnerable due to criticism over a weak growth on employment and health care reform american political cartoonist and author ted rall thinks that from a continuous in the same vein he could bypass the current american reader here here with me so it's very hard to tell to see how mitt romney can overcome the lead in the key swing states that obama currently enjoys which considering the state of the economy over the last four years is saying something about the ineptitude of the romney campaign now that said he did outperform expectations last night and you know he is still in the game if he continues to surge and does better in the future debates it's possible that de
presidential candidate barack obama and mitt romney clashed over the economy and the role of government in their first t.v. debate this week polls showed romney overwhelmed incumbent obama commanding the ninety minute verbal duel romney said his rivals in favor of a trickle. down government while obama said romney will bring the nation back to bush era economic policies the us president has a slight edge in the polls but is vulnerable due to criticism over a weak growth on employment and health...
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now on the has there been any reaction from the obama administration. while obama campaign calls romney reckless and amateurish when it comes to foreign policy so far the administration has stopped short of directly or i mean the rebels although washington is coordinating the efforts of their allies in the region saudi arabia card turkey which are providing which are providing weapons to the rebels one way or another but those allies are saying that they only provide smaller weapons that they would love to send heavy artillery but they don't have the green light from washington for that because we're portably they've ministration fears that they might end up in the hands of terrorists without regard yes the current administration is more subtle as to how they support the rebels but they do support them experts say one of the reasons why the rebels are not settling down for a negotiated solution through dialogue is the signal that they get the sense that support is on the way that there will be that there will be an intervention and everybody now underst
now on the has there been any reaction from the obama administration. while obama campaign calls romney reckless and amateurish when it comes to foreign policy so far the administration has stopped short of directly or i mean the rebels although washington is coordinating the efforts of their allies in the region saudi arabia card turkey which are providing which are providing weapons to the rebels one way or another but those allies are saying that they only provide smaller weapons that they...
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all he groups that went for president obama in 2008. all three groups have some of the highest unemployment numbers. again, the overall unemployment rate is 7.8 percent. let's look at african-americans, 20 years and older, september unemployment rate is 13.4 percent. for african-american men it is a tick higher, 14.2 percent, for women, 10.9 percent. hispanics, 20 and older, unemployment rate is 9.9 percent. a bit better for hispanic men, 7.6 percent, but worse for hispanic women at 9.8 percent. now, young people, ages 18 to 29, generation opportunity put this together by analyzing bureau of labor statistics data, the rate for the age group is 11.8 percent. generation opportunity which studies economic numbers among america's youth says the situation here is even worse. >> we have an additional 1.7 million young american whose is dropped out of the labor force. if you take that number and roll it into the 11.8 percent, the nonadjusted number would be 16.6 percent for the labor force participation rate for 18-29, the high of the since wo
all he groups that went for president obama in 2008. all three groups have some of the highest unemployment numbers. again, the overall unemployment rate is 7.8 percent. let's look at african-americans, 20 years and older, september unemployment rate is 13.4 percent. for african-american men it is a tick higher, 14.2 percent, for women, 10.9 percent. hispanics, 20 and older, unemployment rate is 9.9 percent. a bit better for hispanic men, 7.6 percent, but worse for hispanic women at 9.8...
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Oct 2, 2012
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the democrats were in control for four years. two of them under busheir number obama. was bush's responsibility and nobody takes responsibility to the that is the problem coming and the voters need to take responsibility and get rid of every one of the incumbents. it might not be in this election but if they don't get this country straightened out, and get the economy straightened out, just take one election in two years if it's not better get rid of every one of them and they will finally get the message. >> host: a look at the international news stories along the lines you brought up. this story comes from the new york times. obama on foot in eastern afghanistan it killed 19 people reporting from kabul. a bomber walked into the crowd in the center of eastern afghanistan monday morning. as foreign and afghan soldiers conducted a joint foot patrol the international service members and 16 afghan police officers and civilians. that is according to witnesses and hospital officials. a spokesman for the american coalition forces said that three international service members
the democrats were in control for four years. two of them under busheir number obama. was bush's responsibility and nobody takes responsibility to the that is the problem coming and the voters need to take responsibility and get rid of every one of the incumbents. it might not be in this election but if they don't get this country straightened out, and get the economy straightened out, just take one election in two years if it's not better get rid of every one of them and they will finally get...
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Oct 6, 2012
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were fewer new jobs created this month than last month, and the unemployment rate as you noted this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: still, one of romney's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 8% unemployment for over how many, 43 months? we still have unemployment above 8%. he told us he would get us back to work and hold unemployment below 8%. unemployment above 8% month after month after month. >> reporter: it's a political bar romney has repeatedly accused the president of failing to clear for months. a threshold the gop nominee repeated in his closing statement at the first presidential debate. >> we had had 43 straight months with unemployment above 8%. if i'm president, i will create -- help create 12 million new jobs in this country with rising incomes. >> reporter: mitt romney knows the president has fallen short of
were fewer new jobs created this month than last month, and the unemployment rate as you noted this year has come down very, very slowly but it's come down nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: still, one of romney's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 8% unemployment for over...
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this year that amount is down to $136,000. meantime, the romney camp has received $900,000 from goldman employees, plus another 900,000 going to romney's super pack. if you are looking for some stock market perspective, here's how goldman sachs has traded over the last five years. in the last four decades since congress created the campaign finance system, connell, no company's employees have ever switched sides is abruptly so says the "wall street journal." connell: that is kind of interesting to see that much of a flip. dagen: fat cat bankers getting called fat cat bankers by the president and no input on dodd frank. connell: absolutely, people are upset and they let their money do the talks i guess. -- do the talking i guess. there are a bunch of business leaders in d.c. today and they are talking about the many roadblocks as they see it to getting our economy back on track. dagen: peter barnes is in d.c. with a whole lot more. hey peter. peter: hey guys a football metaphor from the quarterback of the business roundtable th
this year that amount is down to $136,000. meantime, the romney camp has received $900,000 from goldman employees, plus another 900,000 going to romney's super pack. if you are looking for some stock market perspective, here's how goldman sachs has traded over the last five years. in the last four decades since congress created the campaign finance system, connell, no company's employees have ever switched sides is abruptly so says the "wall street journal." connell: that is kind of...
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president obama does have the advantage of having done the one on one with john mccain four years ago. he went one on one with mccain. he did very well. most would say he beat john mccain. so i think -- i think the onerous is on president obama. >> the director of debates at southern illinois university wrote an op-ed for cnn and said both have strengths and weaknesses and this will be one of the most important presidential debates we've seen in history. here's how he outlines it. when you talk about romney's strength he says he's smooth, knowledge able, excellent first lines and tends to pivot. he says president obama, his strengths, he can be detached, he has an ability to focus and crystallize that's very strong on his reasoning. donna, do you see either one of these as being accurate here? do you think that there's some sort of opportunity, if you will for the president to attack on romney's strengths or is he pretty formidable? >> look, i think president obama is preparing very well for this debate based on what i've seen in the newspapers, but, you know, this is like the opening
president obama does have the advantage of having done the one on one with john mccain four years ago. he went one on one with mccain. he did very well. most would say he beat john mccain. so i think -- i think the onerous is on president obama. >> the director of debates at southern illinois university wrote an op-ed for cnn and said both have strengths and weaknesses and this will be one of the most important presidential debates we've seen in history. here's how he outlines it. when...
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this is great news for barack obama. the best number in over three and a half years. what it means for the economy and more importantly for americans trying to find a new job. it's too early to tell. >> of course, the president and governor romney this week went head-to-head in their first dae bait. ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he has to step it up. before the debate, we had a new nbc news wall street marist poll. the president up eight points among likely voters in ohio but just two points in virginia and statistically tied in virginia. >> as the late great tim russert would say, it comes down to one state for the romney campaign -- ohio,
this is great news for barack obama. the best number in over three and a half years. what it means for the economy and more importantly for americans trying to find a new job. it's too early to tell. >> of course, the president and governor romney this week went head-to-head in their first dae bait. ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to...